Treasury opens consultation on future of MAS

Advisers have been critical of the body, which received £43.7m of funding from FSA registered firms in 2011/12. The appropriateness of the funding model will be one of the issues considered in the consultation, which closes on 1 June. The consultation's terms of reference show it will also look into the extent to which the service is meeting its core statutory objectives, namely whether it is succeeding to "enhance the understanding and knowledge of members of the public of financial matters". Respondents will be invited to consider how effective the MAS's internal administration a...